3 hrs ago

Nuvama Sees 28% Upside in Tata Communications Stock

Nuvama believes Tata Communications could be a good stock to buy.

It thinks the company is especially useful to large businesses because it provides many kinds of network and technology services.

Tata Communications owns or shares 65 cable systems and operates 600 network paths.

Its network also connects 15 landing stations.

Nuvama says a large amount of global and Indian financial traffic travels through this network.

The brokerage believes cloud computing still has plenty of room to grow because many workloads remain outside the cloud.

Tata Communications is also trying to help businesses connect data centres and use artificial intelligence for personalised customer experiences.

Nuvama expects these activities to help the company improve its digital-business profits.

Key facts

Analyst view: Nuvama considers Tata Communications a preferred enterprise partner.
Potential upside: 28%, according to the article headline.
Cable systems: 65 systems owned directly or through consortiums.
Network infrastructure: 600 paths and 15 landing stations.
Traffic carried: 35% of global traffic and 75% of Indian financial traffic, according to Nuvama.
Cloud adoption: 30% of workloads have shifted to the cloud, while 70% remain offline or on-premise.
Growth areas: Data-centre connectivity, cloud adoption and AI-powered solutions.

businesstoday.in · 5 hrs ago